At Apostro, we're building a better solution for market self-regulation in order to prevent oracle attacks.
When we think about DeFi, we often overlook antagonistic actors who manipulate markets. Instead, we tend to focus on higher yields, fancy new apps, and lucrative staking rewards. Checking market risks is tedious, so we convince ourselves that developers have taken that responsibility off our hands. This job, however, is something that needs to be done on a continuous basis, given that the market is constantly moving.
While the DeFi landscape and Web3 security hae witnessed significant advancements in recent years, price manipulation attacks continue to be prevalent, putting even the most secure and well-designed applications at risk.
Besides, after each attack, users struggle to entrust their funds to the DeFi ecosystem. When a lending app adds an exotic asset that gets manipulated, we blame ourselves for being greedy and not doing the extra mile of DYOR. When the community raises an alarm on X/Twitter about an ongoing attack, we blame the development teams for their delayed response.
That’s why we’re building Apostro as our commitment to both you and the broader Web3 community. We believe that market manipulation attacks can be prevented, and we want to simplify the user experience and empower the community to maximize the potential of DeFi, allowing Web3 enjoyers to finally focus on the fun aspects of crypto.
We conduct thorough analyses of risks in lending protocols, including economic attacks like price manipulations, systemic risks, and protocol solvency risks. Our research-based approach follows traditional finance best practices, providing reliable metrics and guidance to our users.
The Apostro founders have a solid six-year history of collaboration and bring a combination of expertise in finance, Web3 and cybersecurity. Our team comprises quantitative finance professionals and experienced developers with backgrounds in HFT, mid-frequency hedge funds, and smart contract development for DeFi.